On June 3, the European Commission confirmed that there is room to shift some of Italy's relatively high tax burden from payroll taxes to wealth and inheritance, ANSA reports.
The confirmation came from the EU Commission staff working document accompanying the European Semester documents.
It said, "Italy would benefit from a fairer and more growth-friendly tax system, as well as from further efforts to reduce tax evasion.
"There is scope to shift part of the relatively high tax burden on labour to other currently underutilised tax bases, including wealth and inheritance."
Source: ANSA
(Quote via original reporting)
On June 3, the European Commission confirmed that there is room to shift some of Italy's relatively high tax burden from payroll taxes to wealth and inheritance, ANSA reports.
The confirmation came from the EU Commission staff working document accompanying the European Semester documents.
It said, "Italy would benefit from a fairer and more growth-friendly tax system, as well as from further efforts to reduce tax evasion.
"There is scope to shift part of the relatively high tax burden on labour to other currently underutilised tax bases, including wealth and inheritance."
Source: ANSA
(Quote via original reporting)